Nigeria, Czech May Revive Delta-2 Project to Boost Technology Transfer

By Adedapo Adesanya WhatsApp has announced that its latest update will allow users to share Higher Definition (HD) photos through the messaging app. According to an announcement shared by Meta CEO, Mr Mark Zuckerberg, on his Instagram broadcast channel and via a Facebook post on Friday, the HD photos feature is rolling out to global users over the next few weeks, followed by support for HD videos. The feature, which allows users to preserve the high-def resolution of the photos they share with friends and family, was previously in beta testing with select users. To access the new feature, users

By Aduragbemi Omiyale For the fifth consecutive year, Interswitch has received the ISO 22301 recertification for Business Continuity Management (BCM) after a rigorous surveillance audit process. A leading provider of audit and certification services in the field of information security and privacy, MSECB, served in the capacity of auditors for the certification process. The certification process involved rigorous audits and evaluations of Interswitch’s business processes, contingency plans, and disaster recovery capabilities. In a statement, Interswitch enthused that maintaining the ISO 22301 certification is a testament to its comprehensive approach to risk assessment, mitigation, and recovery planning. The achievement of the

By Modupe Gbadeyanka Three leading makers of 5G-enabled smartphones, Samsung, Tecno, and Infinix, will work with Airtel Nigeria to drive the adoption of the latest technology in the telecommunications industry. The GSM network provider has partnered with the companies as part of its commitment to enhance innovation, improve customer experience, and drive the adoption of 5G technology to transform various aspects of customers’ daily activities. According to the Chief Commercial Officer of Airtel Nigeria, Mr Femi Oshinlaja, the strategic partnership is not only to increase access to the latest technological advancements but also to encourage consumers to take advantage of

By Dipo Olowookere Senator representing Katsina North Senatorial District at the National Assembly, Mr Bukar Mustapha, has been announced as the new Chairman, Senate Committee on Capital Market. The lawmaker was named the new head of the committee on Tuesday by the Senate President, Mr Bukola Saraki. At the resumption of plenary yesterday from an annual recession, the Senate leadership announced heads of committees. The position was earlier held by the late Senator Isiaka Adeleke. According to his profile checked by Business Post on the website of the National Assembly, Mr Mustapha is a member of the ruling All Progressives

By Modupe Gbadeyanka Nigerians can use their Verve cards to make purchases on the Google Play Store, courtesy of a partnership between the local company and the tech giant. The integration of Verve for Naira payment on Google Play Store is expected to strengthen the digital ecosystem in Nigeria. Under this new arrangement, Google will process Verve transactions within Nigeria. These transactions will be undertaken in Nigerian Naira (NG), and treated as local transactions by the country’s banking institutions. As a result, any Nigerian with an Android device and a Verve card now has a streamlined method for making purchases

By Adedapo Adesanya The President of the African Development Bank, Mr Akinwumi Adesina, has praised the affirmation of the regional bank’s AAA credit rating, with a stable outlook by Moody’s Investor Service. Moody’s Investor Service in an annual credit analysis dated October 27, 2020, said “the credit profile of African Development Bank (AfDB) is supported by the bank’s robust capital buffers and superior risk management, which mitigate risks.” “An ample liquidity buffer and unfettered access to international capital markets also support its ability to meet its debt-service obligations. “Moreover, the bank has a long track record of being the premier

The high level of demand shown by investors at FGN Bond auctions in recent months continued at the FGN Bond auction for June 2019 which was conducted by the Debt Management Office (DMO) on Wednesday, June 26, 2019. The DMO offered three instruments totalling N100 billion to the investing public at the auction with 5, 10 and 30-year tenors. Subscriptions for the three instruments from competitive bids were slightly above N160.00 billion, indicating an oversubscription of 60 percent. It was observed that investors’ appetite for longer tenored instruments remained strong, with the 30-year bond oversubscribed by 100 percent. The 10-year

By Aduragbemi Omiyale President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited, a statement from the presidency on Sunday confirm. The Group Managing Director (GMD) of NNPC, Mr Mele Kyari, was asked to see to the success of this directive, the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, disclosed in the statement issued today. The President’s spokesman said this order was given by Mr Buhari in his capacity as the Minister of Petroleum Resources “in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of

By Dipo Olowookere Though the Nigerian All-Share Index (ASI) is still miles below record highs set in early 2008, a 43 percent rally in 2017 has helped to close the gap, a report released on Wednesday by CNN Money has disclosed. With this performance this year, the Nigerian stock market made it to the top five global stock markets of 2017. Argentina, Turkey, Hong Kong, and the United States were the other stock markets that made it to the top five this year. The Argentine market rose this year by 73 percent, Turkey increased by 43 percent, same with Nigeria,

By Ashemiriogwa Emmanuel The long-awaited electronic currency under the Central Bank Digital Currency (CBDC), eNaira, was officially launched on Monday, October 25, 2021, by President Muhammadu Buhari. This unveiling was done by the President before he jetted out of the country for a summit in Riyadh, Saudi Arabia. He was accompanied by the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, and other government officials and private business persons. The mobile app for operating the digital national legal tender with the theme Same Naira, More Possibilities was made available to Nigerians for use as it became activated

By Dipo Olowookere One of the lenders in Nigeria, Fidelity Bank Plc, has announced the resumption of international transactions on its Visa Credit and Debit cards. This was made known in an email sent out to its numerous customers. Fidelity Bank noted that the Visa Naira Debit card on PoS and web only has a monthly limit of $200 only, while the Visa Naira Credit card on ATM, PoS and web has a monthly limit of $1000 only. It disclosed that the removal came into effect on Wednesday, July 5, 2017 and was in response to the needs of customers